Sectional Title Body Corporate Insurance Valuation

What does the report include:

• Physical site visit
• Detailed breakdown of all the onsite improvement
• A replacement cost per item in the detailed break down
• A replacement cost for the buildings with in the complex based on actual sizes and not the sectional title plans.
• Report on condition of the improvements.
• Once the replacement cost is determined suitable percentages for professional fees, Demolition and contingencies and local authority fees are added to the replacement cost to arrive at the insured amount for the complex.
• The participation quotas are then applied to the insured amount to derive an insured amount per unit.
• Copy of the sectional title plans